Vodafone Group (NASDAQ:VOD) Issues Quarterly Earnings Results

Vodafone Group (NASDAQ:VOD) posted its earnings results on Tuesday. The cell phone carrier reported ($1.18) EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($1.79), FiscalAI reports. The business had revenue of $12.38 billion during the quarter, compared to analyst estimates of $25.32 billion.

Here are the key takeaways from Vodafone Group’s conference call:

• Vodafone raised FY 2027 guidance; the midpoint now implies about 7% organic Adjusted EBITDAaL growth and 21% Adjusted free cash flow growth.
• First-half momentum strengthened, with Q2 service revenue growth accelerating to 6.4%, and Vodafone Business growing 6.6%; Africa and Türkiye also delivered double-digit organic growth.
• Vodafone reported more than €200 million of gross savings in the first half and expects over €200 million of net OpEx savings this fiscal year, as it works toward more than €1 billion in annual net savings by FY 2030.
• Germany remains a challenge despite improving broadband and B2B trends. The ECJ ruling reduced EBITDA by about €100 million in the half, Vodafone recorded a non-cash impairment, and it announced another 2,300 role reductions.
• Vodafone’s increased Safaricom stake is facing a legal challenge in Kenya; the company said the appeal is being fast-tracked and that the court has maintained the status quo while the process continues.

Vodafone Group Stock Down 1.8%

NASDAQ VOD traded down $0.28 during trading hours on Tuesday, reaching $15.40. The company’s stock had a trading volume of 1,203,871 shares, compared to its average volume of 4,080,334. The company has a quick ratio of 1.11, a current ratio of 1.14 and a debt-to-equity ratio of 0.84. Vodafone Group has a 1 year low of $11.71 and a 1 year high of $17.71. The firm’s 50-day moving average price is $16.33 and its 200-day moving average price is $15.43.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. DZ Bank restated a “neutral” rating on shares of Vodafone Group in a research report on Monday, August 17th. Morningstar cut Vodafone Group to a “hold” rating in a report on Thursday, July 30th. Weiss Ratings downgraded Vodafone Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 30th. The Goldman Sachs Group upgraded Vodafone Group from a “sell” rating to a “buy” rating in a research note on Friday, September 4th. Finally, Wall Street Zen lowered Vodafone Group from a “buy” rating to a “hold” rating in a report on Tuesday, September 22nd. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $13.13.

About Vodafone Group

Vodafone Group is a telecommunications company headquartered in the United Kingdom. It provides mobile and fixed-line connectivity, broadband, voice and data services to consumers, businesses and public-sector organizations.

The company also offers business technology services, including Internet of Things connectivity and digital solutions. Its operations and services span Europe and Africa, with Vodacom serving as a major part of its African business, and it works with partner networks to serve customers in other markets.

Vodafone traces its roots to Racal Telecom, which was established in 1984 and became an independent company in 1991.